MARITIME ACCIDENT: Two crude oil tankers collided with two fv in Japan Sea By Our Correspondent Two crude oil tankers collided with fishing vessels 20-25 nm east off Ulsan, Korea, Japan Sea, in the morning May 9, 2023, according to FlletMon. It stated: “Crude oil tanker SM NAVIGATOR collided with 39-ton fishing vessel at around
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Vice President Osinbajo inaugurates AFAM 3 Fast Power Project as Transcorp Group emerges Abuja DisCo preferred bidder By Eyo Nsima The Federal government has disclosed the emergence of Transcorp Group as the preferred bidder for the Abuja Electricity Distribution Company, AEDC. Vice President Yemi Osinbajo stated this while speaking at the inauguration of the 240
Breaking: Vice President Yemi Osinbajo inaugurates Afam power plant By Eyo Nsima The Vice President of Nigeria , Prof. Yemi Osinbajo has inaugurated the Afam Power Plant. The power plant was bought by Transcorp Plc. With hard work and commitment, the Mr. Tony Elumelu group succeeded in bringing back to life. Details coming later
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Infini Power Ltd., NCDMB, GACN sign PPA to supply power to NOGaPS A member of Tetracore Energy Group; Infini Power Limited “IPL” in collaboration with the Nigerian Content Development and Monitoring Board “NCDMB” and the Gas Aggregation Company of Nigeria “GACN”, have signed a Power Purchase Agreement (PPA). The PPA is targeted at supplying Independent
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NCF & Stakeholders set to discuss Climate Change and Biodiversity Loss at the 21 st Chief S.L Edu Memorial Lecture As the world is faced with diverse challenges of climate change and biodiversity loss, the foremost environmental NGO in Nigeria, Nigerian Conservation Foundation (NCF), and other key stakeholders in the sustainability and environment space will
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MARITIME: How Meyer Werft Floats out Newest Ship in Royal Caribbean’s Fleet By Our Correspondent A Meyer Werft Shipyard in Germany has floated out the “SILVER NOVA,” a new luxury cruise ship that is being hailed as the first hybrid vessel, according to FleetMon. It stated: “The ship is built for Silversea Cruises, a subsidiary
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OIL DEAL: Iraq, Kurdistan close to exporting more than 400,000 bpd By Eyo Nsima The government of Iraq and Kurdistan are close to exporting more than 400,000 barrels per day, bpd in the coming months. Iraq’s oil minister, Hayyan Abdul Ghani, who confirmed the development, said: “Regarding the agreement with the Region, we have reached
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BREAKING: Oil prices fall to $73.07 per barrel despite dropping inventory By Eyo Nsima The prices of crudes have fallen by 2.56 per cent to $73.07, from about $75 per barrel recorded last week in the global oil market. The new prices, currently below the 2023 budget benchmarks of some producing and exporting countries, are
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Oil: Nigeria, Libya, Algeria, Angola and Egypt to produce more than 80% of Africa’s output in 2023 —- AEC By Eyo Nsima Top five producers – Nigeria, Libya, Algeria, Angola and Egypt – would produce more than 80 per cent of Africa’s 2023 output, according to African Energy Chamber, AEC. In its first quarter 2023
African Energy Chamber (AEC) Releases Q1 2023 Outlook: The State of African Energy While global supply chains experience significant volatility, African exploration and production have begun to ramp up as international stakeholders turn their attention to high-potential energy markets across the continent. As such, Africa’s energy landscape is on the precipice of widespread change, opening
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